June 29, 2020 Summary of the circular issued by SEBI on 26/06/2020 Further extension of relaxation from compliance with respect to time gap between two board / Audit Committee meetings of listed entities Through this circular, the Board of Directors and Audit Committee of the listed entity are exempted from observing [...]
June 26, 2020 Summary of the Circular issued by SEBI on 25/06/2020 Further Extension of deadline for submission of Annual Secretarial Compliance Report to 31/07/2020 SEBI has extended the deadline for submission of Annual Secretarial Compliance Report by Listed Entities to 31/07/2020 from its earlier relaxed deadline of 30/06/2020. (read more) [...]
June 25, 2020 Summary of the circular and notification issued by SEBI and MCA on 24/06/2020 and 23/06/2020 respectively. 1. Extension of deadline for Listed Entities for submission of financial results for the quarter/half year/financial year ending 31st March 2020 to 31/07/2020 due to the continuing impact of the CoVID-19 pandemic [...]
June 24, 2020 Summary of notifications issued by MCA on 23/06/2020 Extension of deadlines with respect to approval of restricted transactions via Video Conferencing and registration with the data bank by the Independent Directors to 30/09/2020 MCA, vide its notification, has extended the deadlines to 30/09/2020 from 30/06/2020 with respect to [...]
June 23, 2020 Summary of the notification issued by SEBI on 22/06/2020 SEBI relaxes ICDR and Takeover norms with respect to fund raising by Distressed Companies Through this amendment preferential issue by Distressed Companies is exempt from making Open offer under 3(1) and 4 of Takeover Code if they comply with [...]
June 22, 2020 Summary of the circular issued by MCA on 19/06/2020 1. MCA extends the deadline for creation of Deposit Repayment Reserve and Investment of specified amount of maturing debentures under the Companies Act, 2013 and its Rules Through this circular, MCA has further extended the deadline already granted vide [...]
June 17, 2020 Summary of the circular and notification issued by MCA and SEBI on 17/06/2020 and 16/06/2020 respectively 1. MCA condones delay in filing Charge related forms under the Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 with effect from 17/06/2020 Highlights of [...]
June 16, 2020 Summary of the Circular issued by MCA on 15/06/2020 Extension of validity of Circulars issued by MCA on conducting Extra Ordinary General Meeting (EGMs) via Video Conferencing (VC) or transacting items through Postal Ballot to 30 September, 2020 Through this Circular, MCA has extended the applicability of its [...]
June 09, 2020 Summary of the notification issued by MCA dated 05/06/2020 MCA allows startups to issue sweat equity upto ten years from its incorporation date & takes liquidity improvement measures for listed entities making private placement of debentures. Through this notification, - A start-up company, as defined in notification number [...]
June 08, 2020 Summary of the Ordinance passed by the President of India on 05/06/2020 Ordinance to suspend applicability of Insolvency and Bankruptcy Code, 2016 due to CoVID-19 pandemic Citing various reasons including hampering of conduct of business operations and assigning of resolution professionals to recover the defaulting corporates due to [...]